With traditional sportsbooks on a rapid rise in the US, there is an ever-increasing need for operators to do things in a way that helps them stand out amidst the tough competition. In such times, platforms like Sparket have succeeded in making a mark via their out-of-the-box thinking.
This social betting platform follows a peer-to-peer betting exchange model that is free to use. So what is it that makes Sparket click? Read our review of Sparket to get an insight into the platform’s working mechanisms and service features to find out how it works and whether it is worthwhile.
What is Sparket?
Sparket likes to call its platform the Social Betwork, where you can bet on almost anything. Simply put, it is a B2B igaming platform that operating partners can use for expanding their betting volumes. Sparket thus assists betting businesses to differentiate their products through Sparket’s customizable platform to increase their reach.
Sparket allows users to place bets within their communities on various events, including sports, e-sports, private tournaments, award shows, reality TV, etc. In conventional sportsbooks, bettors are pitted against the house, and all sites follow this route. However, with Sparket, bettors are pitted against each other, so site users can create customer wagers and even share them within the Social Betwork.
Like any social site, Sparket is free to use, while all the betting pools are pari-mutuel, with actual wagers impacting the odds according to the particular betting offer.
Sparket started with a free-to-play partnership and recently attained GLI (Gaming Labs International) certification 33. This is a significant milestone towards the official approval for actual money betting software and the launch of real money partnerships.
Operators can earn commission on wagers, while the platform earns via a percentage of the revenues. Commissions are the percentage of winnings that the operator can take from the pool. The amount is reflected in the estimated winnings and odds by default.
Sparket App
Sparket has a mobile betting app that offers all the features available on the site. It is easy to use; however, for new users, it may take a while to get the hang of things.
The home page displays the open betting pool options, while the pool page offers the relevant details for individual betting pools. If the betting pool is open, you can place your wager on the place bet page. You can review active bets or check your bankroll via the app too. You can also create a profile along with links to other social media sites.
This has led to forming of a social community where players and operators only engage in friendly bets for cash or fun. This has led to new betting opportunities and the formation of new social connections.
Betting at Sparket
Sparket offers various types of betting options and markets. While conventional sportsbooks list the betting leagues and markets as part of their general betting board, Sparket allows users to post custom bets. As a result, the betting board is continually expanding.
Since you, as a user, have the ability to drive the betting types; there is no limit to the available betting markets or leagues, except for those that are enforced under respective state laws. Users can set the betting odds and lines with pari-mutuel pools. The pool remains active until the start of the bet-on event, and users can share the active pools across their Social Betwork Platform.
Sparket welcome offers
Welcome bonuses and promo codes are an appealing feature of any sports betting site and a significant aspect based on which we review a site’s performance. However, since Sparket started as a free-to-play app, it does not offer any welcome bonus. But this may change now that the site has established real money partnerships.
Initially, members can use the demo version and learn how the platform works and how they can place bets on various events.
Sparket customer service
Sparket offers a comprehensive tutorial section on its platform that caters to almost all site aspects in detail and highlights its functionality. However, if you have any questions or concerns for which you need a response from the Sparket team, you can send an email. The platform does not offer any other means of contacting customer service.
How is Sparket different from other sportsbooks?
Sparket allows users to place bets within their communities on various events, including sports, e-sports, private tournaments, award shows, reality TV, etc. In conventional sportsbooks, bettors are pitted against the house, while in Sparket; bettors are pitted against each other, so site users can create customer wagers and even share them within the Social Betwork.
Sparket Final Review
How Sparket fares in its real-money partnerships remain to be seen, as this is a recent development. However, the idea of combining conventional sports betting with social gaming is unique and sets it apart. It is why we believe that the idea will gain more popularity in the coming times, and more users will get on board in the ever-evolving US betting industry.
The patent for confirmation software and proprietary prediction for Sparket is pending, and once approved, it can fuel the company’s plan for making it a real-money betting platform.
The overall concept of how the platform works seems intricate, and users may find it difficult initially. However, avid users would tell otherwise. We believe that with the introduction of some betting incentives, Sparket can further increase its appeal.